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PRAIRIE LITHIUM LIMITED Capital/Financing Update 2012

Sep 5, 2012

65572_rns_2012-09-05_50b328cb-a073-4c03-888f-f7eb5e7c26e4.pdf

Capital/Financing Update

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MARKET RELEASE

6 September 2012

ZYL Limited

TRADING HALT

The securities of ZYL Limited (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday 10 September 2012 or when the announcement is released to the market.

Security Code: ZYL

Jill Hewitt Senior Adviser, Listings (Perth)

6 September 2012

Ms Jill Hewitt Senior Adviser, Listings (Perth) Australian Securities Exchange Level 8, 2 The Esplanade Perth WA 6000

By Email: [email protected]

Dear Ms Hewitt,

Request for Trading Halt

ZYL Limited (ZYL; ASX: ZYL), hereby requests a trading halt from the ASX effective immediately, pending an announcement by the Company regarding financing and corporate events.

The Company expects the trading halt to last until the earlier of the Company releasing the announcement or the commencement of trading on Monday, 10 September 2012.

The Company is not aware of any reason why the trading halt should not be granted.

Yours faithfully,

Bevan Tarratt Executive Director ZYL Limited

About ZYL Limited

ZYL Limited is listed on the Australian Securities Exchange (ASX) and aims to become one of the world's leading anthracite coal producers. The mission of ZYL is to develop high-margin metallurgical coal deposits for domestic and export markets. Flagship projects are the Mbila and Kangwane projects in South Africa, located close to rail, port, power and water infrastructure.

Corporate Office:

Level 8, 225 St Georges Terrace, Perth 6000, Western Australia PO Box 7653, Cloisters Square, Perth 6850, Western Australia

Tel: $+61894864036$ Fax: +61 8 9486 4799 Email: [email protected] Web: www.zyllimited.com.au